Ichimoku Cloud Broken
Price Retraced After Good Upmove
All The Leading Technical Indicators Positive
Cement Stocks In My Buying Scanner
Buy Ramco At Cmp 902
SL - 860 ( Day Closing Basis )
Target - 1055/1135
Ramco Cement is forming a flag and pole pattern on the weekly charts and there is a bullish moving averages cross over.
Stock has been consolidating for a month and is trading in a 40 points range. The break out can give good 150+ points as per the measure target.
Indian markets are trading near the ATH and stock will follow the indices.
On the daily time...
The Ramco Cements Ltd - 05.12.2021
The stock is trading @ 950 levels
The prices are below ema
The stock is trading under a Channel Range
There is a Doji in weekly chart
Stochastic Bullish Divergence in Weekly Chart
let the prices go above 981 levels
watch out for the price action
I am posting this from one of the follower's request on Twitter.
1) On daily time frame, we can see it took Good support from 50DMA and gave breakout of 1050 level.
If it gives dip till 1040/1050 level and takes support from it then it will be buying opportunity.
Target will be 1140.
Please refer below chart : 1day Time Frame....